2401 Ennis AveEnnis, TX 75119

  • Commercial real estate
  • 4,700 SF
For Sale
$379,000 View listing

Property Details for 2401 Ennis Ave

Year built
1985
Lot size
0.94 AC
Property size (Sq ft)
4,700 SF
Property type
Commercial real estate
APN
25.0055.000.005.00.903
APU
25005500000500903

Description

This exceptional 4,700 square foot retail property, situated on a sizable 0.94-acre lot at 2401 W Ennis Avenue in Ennis, Texas, presents a unique investment opportunity. Currently configured as a 45-unit self-storage facility, the property's prime location and substantial lot size offer significant potential for expansion and redevelopment. Its strategic placement ensures easy accessibility from major thoroughfares, contributing to a consistent customer base. The high demand in the area makes this a compelling prospect for entrepreneurs seeking to capitalize on a thriving market. The existing self-storage operation provides a solid foundation, but the expansive lot allows for a variety of future uses, including expansion of the existing business or complete repurposing to suit a different retail concept. This property is ideally suited for an investor looking to either enhance an existing business or create a new venture in a high-traffic, high-growth area. The 4,700 square feet of existing space provides ample room for immediate operations, while the additional land offers significant room for future development. This is a rare opportunity to acquire a well-positioned property with considerable upside potential in a desirable Texas market. The asking price is $379,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $917,526
    Hospitality
    $840,449
    Educational
    $699,244
    Medical
    $723,292
    Retail
    $1,087,712

Location Insight

City
Ennis
County
Ellis
State
Texas
Latitude
32.3198
Longitude
-96.6535
CBSA code
19100
CBSA name
DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,344
$350,539
$36,830
$387,369
-
$350,539
$36,830
$387,369

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